Thai director Apichatpong Weerasethakul, winner of best film at Monday’s Asian Film Awards, has boarded Lee Chatametikool’s Concrete Clouds as a producer.

Apichatpong’s Bangkok-based production outfit Kick The Machine is co-producing the film with Hong Kong-based Far Sun Films and two other Thai outfits – Electric Eel Films and Lee’s own Vertigo Films. Thai stars Ananda Everingham and Jen Suda will head the cast.

Set in Bangkok during the Asian financial crisis of 1997, the film revolves around two couples who are drawn together by a suicide. “There will be a comparison between the growth of the country and how the main characters grow,” Lee said.

The project was previously called Past Love and took part in the Hong Kong Asia Film Financing Fourm (HAF) in 2010.

Producers on the film include Apichatpong, Sylvia Chang and Electric Eel’s Anocha Suwichakornpong and Soros Sukhum. Anocha is also a director whose credits include award-winning drama Mundane History.

Lee, who is making his feature directing debut on the film, is also an acclaimed editor who has edited all of Apichatpong’s films since Blissfully Yours.

Apichatpong scooped best film at the Asian Film Awards on Monday night for Uncle Boonmee Who Can Recall His Past Lives, which also won the Palme d’Or last year at Cannes.